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New London
9 Shingle Mill Road
Listing Courtesy of: Janise Gabco, Our Home Realty Advisors
$339,000
● House - Off Market

9 Shingle Mill Road

Salem, Connecticut 06420
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,340 Ft²
$2,217
Est. Monthly
6.70%
Cap Rate

About This Property

Charming Farmhouse with Endless Potential! Loved by the same family for decades, this 3-bedroom, 2-bathroom farmhouse is ready for its next chapter! Nestled on 2 beautiful acres in Salem, this 2,340 sq. ft. home is bursting with character and charm, just waiting for you to make it your own. Whether you envision a cozy retreat, a hobby farm, or a forever home, the possibilities are endless. Conveniently located near major routes, you'll enjoy the perfect balance of privacy and accessibility. Come see why this home has been cherished for generations-schedule your showing today! Selling AS IS
Unit Size
2,340 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$145
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Smart MLS #24081293)

Price History

Date / Event Date Event Price
May 13, 2025 Sold
Premium
Sold
Apr 2, 2025 In contract -
In contract
Mar 22, 2025 Price Decreased $349,000
↓ $900 (0.3%)
Price Decreased
Mar 19, 2025 Listed by Our Home Realty Advisors $349,900
Listed by Our Home Realty Advisors

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 2,340
  • Gross Building Area: 4,320
  • Building Area: 2,340
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,340
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 715100

Zoning

  • Zoning: RU-A

Geography

  • Account Number: 1306
  • Parcel: SALE M:05 B:017 L:000
  • Block: 17
  • Municipality: SALEM
  • Latitude: 41.4719
  • Longitude: -72.2698

    Address

  • Full Address: 9 Shingle Mill Rd
  • Address - House Number: 9
  • Address - Street Name: Shingle Mill
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Salem
  • Carrier Code: R011
  • 4-Digit Zip Code: 3905
  • Zip Code: 06420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $650,600

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 73
  • Final Value: 473,170
  • High Value: 568,332
  • Low Value: 378,008

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,900
  • Assessed Land Value: $37,900
  • Assessed Improvements Value: $188,000
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About New London

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1848 ft²

Average Home Age

69.7 years

Currently For Sale

591 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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SMART

Listed by: Janise Gabco
Our Home Realty Advisors
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24081293
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 9 Shingle Mill Road built and last sold?
The property at 9 Shingle Mill Road was built in 1967 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 9 Shingle Mill Road is $0.
What are some comparable homes to 9 Shingle Mill Road?
There are currently no comparable homes to 9 Shingle Mill Road.
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